International Trade Law Legal Articles Domicile of a Pseudo Foreign Corporations March 13, 2013 / April 5, 2013 by Legal India Admin | 1 Comment on Domicile of a Pseudo Foreign Corporations -The scenario under Common law and in India and America . Introduction Following on the success of the corporate model at a national level, many corporations have become transnational or multinational corporations: growing beyond national boundaries to attain sometimes remarkable positions of power and influence in the process of globalizing. In the spread of corporations […] Read more » Cesena Company Corporation in Common Law Domicile and Residence of Corporation Domicile and Resident corporations Domicile of a Pseudo Foreign Corporations England under Companies Act Foreign Corporations Income Tax Act Indian Position Indian Supreme Court in the case Technip SA v. SMS Holding (Pvt.) Ltd. & Ors Law of State of Incorporation Lex Incorporationis Pseudo Foreign Corporation Pseudo Foreign Corporations scenario under Common law and in India and America transnational or multinational corporations What is Pseudo Foreign Corporation Winding Up of Pseudo Foreign Company.
Legal Articles Taxation Of Partnership Firms In India November 20, 2012 by Junaid Ahmed | Leave a Comment Section 4 of the Partnership Act, 1932 reads “Partnership” is the relationship between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons, who have entered into partnership with one another are called individually “Partners” and collectively “a firm”, and the […] Read more » Income Tax Act Partnership Act Taxation Of Partnership Firms TAXATION OF PARTNERSHIP FIRMS IN INDIA
Legal Articles “THE LAW ON TDS” October 8, 2012 / October 8, 2012 by Anumita Sarkar | 7 Comments on “THE LAW ON TDS” Anumita Sarkar SECTION-194C “THE LAW ON TDS” As famously said by Albert Einstein, “The hardest thing in the world to understand is the income tax”, the provision of TDS is “the source of income for purposes of the income tax” & one of the most controversial & litigated provision is Sec-194C incorporated under Chapter-XVII-B of the […] Read more » 1961 COMPOSITE / INDIVISIBLE CONTRACT DIVISIBLE/ SEPARATE AGREEMENT CONTRACT OF SALE CONTRACT OF SALE CONTRACT Contracts for Sale of Goods DEBATE ON APPLICABILITY OF TDS Income Tax Act INDIVISIBLE CONTRACT POSITION OF A SUB - CONTRACTOR PROVISION OF SEC-194C REIMBURSEMENT OF EXPENDITURE scope of an advertising contract section 194C or 194-I SEPARATE AGREEMENT tax deducted for release of advertisements WORK CONTRACT
Legal Articles Amendments, Clarifications, controversies & Litigation of issues related to Section- 40 (a) (ia) of the Income Tax Act, 1961 September 24, 2012 / September 24, 2012 by Anumita Sarkar | 3 Comments on Amendments, Clarifications, controversies & Litigation of issues related to Section- 40 (a) (ia) of the Income Tax Act, 1961 ANUMITA SARKAR Controversies evolving out of each amendment to section 40 (a) (ia) seem to have come to an end, thereby giving some sigh of relief to the assessees & their Tax Representatives, till the time it receives it’s final verdict from the highest judicial authority i.e. Supreme Court of India IDEOLOGIES OF TAXATION: Law […] Read more » AMENDMENTS TO SEC- 40 (a) (ia) assessee in default COLLECTION & RECOVERY OF TAX DOUBLE TAXATION FINANCE ACT 2008 FINANCE ACT 2010 FINANCE ACT 2012 IDEOLOGIES OF TAXATION Income Tax Act Income Tax Act 1961 PROVISIONS OF SECTION - 40 (a) (ia) Sec- 40 (a) (ia)Finance (No.2) Act 2004 Section 271C of the Income Tax Act SUB- CLAUSE (ia) to SECTION- 40 (a) (ia VALIDITY OF THE SECTION- 40 (a)(ia)
Legal Articles Direct Tax Code July 31, 2012 / August 1, 2012 by Shrey Raj Saxena | Leave a Comment Direct Tax Code vis-à-vis Income Tax Act,1961 Direct Tax: Direct tax is the tax which is charged directly on the tax payer. In other words direct tax is that tax that is deducted from one’s salary. In the general sense, a direct tax is one paid directly to the government by the persons on whom […] Read more » 1961 act BPT Branch Profit Tax Capital gains tax CBDT Central Board of Direct Taxes corporate tax Department of revenue Direct Tax Direct Tax Code Direct Taxation in India Double Taxation Avoidance Agreement DTAA enforcement of tax provisions GAAR general anti-avoidance rules income tax Income Tax Act Income Tax Act 1961 Income-Tax Department indirect tax Minimum Alternate Tax Ministry of Finance personal income tax Residential status of foreign companies Revenue Act Revenue Act 1963 Tax tax on corporate income tax policies tax provisions Taxation of Companies transfer tax Wealth Tax